Sequans Communications (NYSE:SQNS) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Sequans Communications S.A. (NYSE:SQNS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.90 and traded as high as $2.70. Sequans Communications shares last traded at $2.69, with a volume of 148,245 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $7.50 price objective on shares of Sequans Communications in a research note on Monday, August 26th. StockNews.com upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

Sequans Communications Trading Up 3.5 %

The business has a 50 day simple moving average of $2.54 and a 200-day simple moving average of $1.90. The stock has a market capitalization of $66.90 million, a price-to-earnings ratio of 1.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.36 and a quick ratio of 1.33.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.30). Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. The firm had revenue of $9.68 million for the quarter, compared to the consensus estimate of $9.70 million. As a group, equities analysts expect that Sequans Communications S.A. will post -1.48 earnings per share for the current year.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.